A new research publication titled “Technical Films Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights covers various market acumen on developments, trends, key players, growth drivers and forecasts across important regions. A detailed market segmentation is carried out that explores every angle of the global market for technical films.
Global Technical Films Market: Forecast Highlights
According to Future Market Insights, the global technical films market is anticipated to reach a value higher than US$ 47 Bn by the end of the year of assessment from a value of around US$ 28 Bn in 2017. The global technical films market is projected to grow at a high value CAGR of 5.3% throughout the period of assessment.
Global Technical Films Market: Aspects Impacting Growth
Expanding demand for packaged food triggering the demand for technical films, sustained growth in building and construction, increasing demand for anti fog films for fresh produce applications, growing inclination towards high performance surface protection material, growing emphasis on manufacturing of smaller pack size barrier packaging and staggering growth in the electronics market are pushing the growth of the global technical films market. However, lack of competency in manufacturing technology for technical films and non-availability of feed stock coupled with shortage of technological equipment and machinery for flexible barrier packaging are posing hindrances to the global market’s growth.
Global Technical Films Market: Segmental Snapshot
For More Detailed Insights on Technical Films Market
The global technical films market is segmented on the basis of film type, end use industry, material type, thickness type and region.
By film type, the barrier film segment is estimated to reach a huge valuation of more than US$ 22 Bn by the end of the year of assessment. The safety and security film segment is projected to grow at a comparatively high value CAGR of 6.5% during the period of forecast.
By end use industry, the food and beverage segment is expected to be the largest in terms of market share and is likely to dominate the global market. The building and construction segment is poised to significantly contribute to the market value of the global technical films market.
By material type, the polypropylene segment is projected to grow at the fastest pace to register a value CAGR of 6.6% during the period of forecast. The polyethylene segment is expected to reflect a high market valuation by the end of the year of assessment.
By thickness type, 50-100 microns are largely preferred. This segment is expected to have a large market share and is estimated to reach a value more than US$ 17 Bn by the end of 2027.
By region, Asia Pacific excluding Japan (APEJ) is a highly lucrative regional market presenting huge growth opportunities for technical films. The technical film market in the APEJ region is anticipated to reach a high market valuation and is projected to grow at the highest rate during the period of forecast.
Global Technical Films Market: Competitive Scenario
The global technical films market research report covers analysis on key players in the market. The companies such as Saudi Arabia Basic Industries Corporation (SABIC), Borealis AG, Selenis Portugal S.A., Vizelpas, Floter Verpackungs Service GmbH, HYPAC Packaging Pte Ltd., Bioplast, Futamura Chemical Co. Ltd., Polifilm GmbH, Perlen Packaging AG, HAFLIGER Film Spa, Kuhne Anlagenbau GmbH, Idealplast Srl and Cassioli Srl are profiled in this research report.
For more insights into the global technical films market, write in to Future Market Insights analysts at email@example.com
About Packaging division of FMI
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.